NVIDIA CorporationNVDA
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Nvidia reports earnings after the bell; high expectations for AI demand, but outcome uncertain.
Impact on stocks 2
Artificial Intelligence
NVIDIA Corporation
Advanced Micro Devices IncAMD
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What matters in U.S. and global markets today: investors are set to learn more about the health of the AI ecosystem when Nvidia reports after the bell, while the continuing retreat of world oil prices has had a powerful cushioning effect for antsy bond markets. Brent crude futures fell for a third straight day, sliding more than 2% to roughly $86 per barrel on the prospect of more supply through the Strait of Hormuz, with talks resuming between Oman and Iran. On the macro front, July PCE data is expected to show annual inflation rates still above 3%, well above the Fed's 2% target, and U.S. consumer confidence and new home sales have declined. Nvidia, expected to report a doubling of revenue, faces high expectations, with options markets implying a swing of about 5% either way.
NVIDIA CorporationNvidia reports earnings after the bell; high expectations for AI demand, but outcome uncertain.
Advanced Micro Devices Inc